French General Tax Code
In forceI.-New buildings, reconstructions and additions to buildings for residential use are exempt from property tax on built properties for the two years following their completion.
The municipality may, by a decision taken under the conditions provided for in article 1639 A bis and for its own share, limit the exemption provided for in the first paragraph of this I to 40%, 50%, 60% or more. The municipality may, by a decision taken under the conditions set out in article 1639 A bis and for the portion for which it is responsible, limit the exemption provided for in the first paragraph of this I to 40%, 50%, 60%, 70%, 80% or 90% of the taxable base. The decision may, however, limit this exemption only for those properties that are not financed by State-subsidised loans as provided for in articles L. 301-1 to L. 301-6 of the French Construction and Housing Code or by subsidised loans. The public establishment for inter-communal cooperation may, by a decision taken under the conditions provided for in article 1639 A bis of the present code and for the share to which it is entitled, abolish the exemption provided for in the first paragraph of this I. The deliberation may, however, limit this exemption only for those buildings that are not financed by State-subsidised loans provided for in articles L. 301-1 to L. 301-6 of the French Construction and Housing Code or by subsidised loans.
II. II - New buildings, reconstructions and additions to buildings other than those for residential use are exempt from property tax on built properties up to 40% of the taxable amount for the two years following the year of completion.
The temporary exemption provided for in the first paragraph of Article II of the Code de la construction et de l'aide d'Etat (Construction and Housing Code) is valid for a period of three years. The temporary exemption provided for in the first paragraph of this II does not apply to the portion of the property tax on built-up properties collected for the benefit of the public establishments for inter-communal cooperation.
The temporary exemption provided for in the same first paragraph does not apply to land used for commercial or industrial advertising using billboards, screen posters or posters on a special portable device, set up beyond a distance of 100 metres around any built-up area of houses or buildings.
III.-I and II of the present paragraph do not apply to land used for commercial or industrial advertising using billboards, screen posters or posters on a special portable device, set up beyond a distance of 100 metres around any built-up area of houses or buildings.
III. III.-I and II also apply in the event of the conversion of a building used for agricultural purposes into a house or factory and in the event of the use of land for commercial or industrial purposes such as building sites, goods depots and other sites of a similar nature.
